Issue - decisions

Medium Term Financial Plan Update (December 2013)

18/12/2013 - Medium Term Financial Plan Update (December 2013) (LDR31)

The Executive Meeting considered forecasts for the Council’s finances for the period 2014/15 to 2016/17 and agreed that

 

·         the position for 2013/14 previously reported in the half-year Corporate Performance and Resources Report be noted;

 

·         the outlook for local government finance and, in particular, the forecast for business rates in 2014/15 be noted;

 

·         the proposal for the creation of a new Integrated Prevention and Universal Service be approved and the Corporate Director for People, in consultation with the Executive Councillor (Children & Young People) be authorised to conclude the agreement on the allocation of savings between partners as outlined in the report (paragraphs 4.14 to 4.21);

 

·         the progress with regard to the consultation on the proposals for an alternative approach to the provision of Adult Social Care travel assistance be noted (paragraphs 4.22 to 4.27);

 

·         the financial forecasts and sensitivity analysis for 2014/15 to 2016/17, and the key issues to be addressed in formulating a response to the financial challenges facing the Council be noted;

 

·         that Executive Councillors and Corporate Directors be requested to continue to develop their spending plans and savings proposals to address the budget requirements for 2014/15 and to report on progress;

 

·         the steps necessary to agree a final balanced budget proposal for 2014/15 and an updated Medium Term Financial Plan to 2016/17 for presentation to the Budget Council meeting on 27 February 2014 be taken.